Answer:
Cost of goods sold (rounded) under FIFO is $ 1.649
Explanation:
Date Q Cost U.Cost inventory Sold Cost
nov-01 34 231,2 6,8 0 34 231
nov-08 137 1006,95 7,35 0 137 1.007
nov-17 68 489,6 7,2 11 57 410
nov-25 103 772,5 7,5 103 0 0
114 228 1.649
Answer:
False
Explanation:
§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.
The title to the property will be actually transfer or pass to the uncle where there is the delivery as well as acceptance of the deed.
<h3>What is deed?</h3>
The term Delivery of the signed deed is known to be a term that connote when a given grantor's is said to have the intention to convey title as well as the physical handing over of the deed to the grantee
Note that by doing so, the grantee's acceptance of the given deed is one that is known to be the immediate conveyance.
hence, The title to the property will be actually transfer or pass to the uncle where there is the delivery as well as acceptance of the deed.
Learn more about deed from
brainly.com/question/28346752
#SPJ1
Profit maximization is often considered inappropriate by a firms stakeholders (like the government or the company's employees) other than shareholders because stakeholders have more of an embedded, and oftentimes less-financial interest in the company than shareholders, who can invest in a company without really caring much about what the company does. Profit maximization usually involves risk, which can be riskier for the stakeholder than the shareholder.
